Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please answer the Change Column and the Sources/Uses Column. Thank you. 2017 2018 2017 2018 Current assets Cash Accounts receivable Inventory Total Current liabilities Accounts

Please answer the "Change" Column and the Sources/Uses Column. Thank you.

image text in transcribed

2017 2018 2017 2018 Current assets Cash Accounts receivable Inventory Total Current liabilities Accounts payable Notes payable $ 41,060 16,157 $ 43,805 16,843 $ 9,279 23,683 42,636 $ 75,598 $ 11,173 25,760 46,915 $ 83, 848 $ 57,217 $ 40,000 $ 60,648 $ 35,000 Fixed assets Net plant and equipment $ 272,047 $ 297,967 Total Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total Total liabilities and owners' equity $ 50,000 200,428 $ 250,428 $347,645 $ 50,000 236, 167 $286,167 $381,815 Total assets $347,645 $381,815 For each account on Birtle Corporation's statement of financial position, show the change in the account during 2018 and note whether this change was a source or use of cash. (If there is no action select "None" from the dropdown options. Do not leave any empty spaces; input a 0 wherever it is required. Negative answers should be indicated by a minus sign. Omit $ sign in your response.) 2017 Change Sources/Uses 2018 Assets Current assets Cash Accounts receivable Inventory Total $ 9,279 23,683 42,636 $ 75,598 (Click to select) (Click to select) (Click to select) (Click to select) $ 11,173 25,760 46,915 $ 83, 848 $ $ $272,047 $347,645 (Click to select) (Click to select) $ 297,967 $381,815 $ $ Fixed assets Net plant and equipment Total assets Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity $ 41,060 16,157 $ 57,217 $ 40,000 (Click to select) (Click to select) (Click to select) (Click to select) $ 43,805 16,843 $ 60,648 $ 35,000 $ $ $ $ 50,000 200,428 $ 250,428 $347,645 (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) Source Use None $ 50,000 236,167 $286,167 $381,815 $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Operational Profitability Conducting Management Audits

Authors: Robert M. Torok, Patrick J. Cordon

1st Edition

0471172251, 978-0471172253

More Books

Students also viewed these Accounting questions